Fayeoctober
TUG Member
Currently our timeshare has more than 100 weeks owned by Limited Liability Companies who are more than a year delinquent in terms of paying maintenance fees and the assessment. More than half of them owe between $5K to $7K for an individual week and some owe about $50,000 for all the weeks they have. It seems like there should be a way to prevent sales to these organizations but in doing so, are are we limiting the legal rights of owners to sell their timeshare to whoever is willing to buy it. I personally can think of no reason other than a "Viking Ship" issue for a LLC to buy a timeshare. What I would like to know from someone who has done it is: HOW TO PREVENT THE SALE OF A TIMESHARE TO AN LLC? Please provide some detail on this and indicate the state in which it was done. Thank you in advance.
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